Naira Depreciates to N740 per $1
On the black market, the naira-to-dollar exchange rate has further depreciated to a record low, trading at a minimum of…
Day: October 4, 2022
Kenya Court Rejects Petition Regarding VAT on Fuel products.
Sen. Okiya Omtatah of Busia filed a case 2018 opposing the introduction of a tax on petroleum products; but the…
Nigerian Banks Experience Earnings Drop Following Latest Policy Rate Increase – S&P.
The Central Bank of Nigeria (CBN) increased its main monetary policy rate by 150 basis points (bps) on September 27.…
Musk Introduces a Humanoid Robot.
Elon Musk, the founder of Tesla and SpaceX, unveiled a prototype robot dubbed “Optimus”; that will likely be produced in…
North Korea Launches A Missile Over Japan.
Tokyo officials allege that North Korea has launched a ballistic missile over Japan for the first time since 2017. The…
Nigeria FG Sanctions Oil and Gas Companies N127bn for Oil Pollution.
In order to penalize oil and gas companies operating in the nation for gas flaring, the Federal Government levied a…
The Top 5 Cryptocurrencies in October 2022.
September saw a 3.12% monthly decline in the market capitalization of cryptocurrencies, falling from $973. 9 billion at the start…
World Bank Approves $750 Million to Enhance Business-Friendly Environment.
The Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results will be support by a 750 million International Development Association…
Shell Purchases Daystar Power, in Lagos.
Under the condition of regulatory approvals, Daystar Power has declared that it will be bought by Shell; this is to…